DFX Intelligence
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Borrower
F••••••••• A••••••••• U• C•••
group grade Aon a schedule nowsponsor unattributed
Also written as: Foundation A••••••••• Corp
Principal held
at least $9.8M
sum of BDC pieces, a lower bound
Fair value
$2.7M
38c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Dec 27, 2027
$9.8M inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
12
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien revolver first lien | at least $9.8M | 38c | S+775 bp PIK 7.75% | Dec 27, 2027 | 1 |
| first lien delayed draw term loan first lien exited Dec 31, 2024 | at least $87.1M | 65c | S+775 bp PIK 7.75% | Dec 24, 2027 | 1 |
| other lien unstated exited Mar 31, 2026 | unknown | 49c | S+775 bp PIK 7.75% | Dec 27, 2027 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| H•• C•••••••• L•••••• F••• | revolver first lien N••••••••• I••••• | $1.2M | $319,000 36c | PIK 7.75% |
| H•• C•••••••• L•••••• F••• | revolver first lien N••••••••• I••••• | $818,000 | $226,000 33c | S+775 bp |
| H•• C•••••••• L•••••• F••• | revolver first lien N••••••••• I••••• | $4.1M | $1.1M 39c | PIK 7.75% |
| H•• C•••••••• L•••••• F••• | revolver first lien N••••••••• I••••• | $3.7M | $1.0M 38c | PIK 7.75% |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2026 | 1 | $9.8M | $2.7M | 38c | 3 |
| Mar 31, 2026 | 1 | $0 | $0 | n/a | 0 |
| Dec 31, 2025 | 1 | $45.3M | $18.6M | 49c | 3 |
| Sep 30, 2025 | 1 | $38.7M | $19.1M | 51c | 3 |
| Jun 30, 2025 | 1 | $39.4M | $15.3M | 41c | 3 |
| Mar 31, 2025 | 1 | $41.4M | $22.1M | 56c | 1 |
| Dec 31, 2024 | 1 | $87.1M | $53.4M | 65c | 6 |
| Sep 30, 2024 | 1 | $48.3M | $37.1M | 80c | 1 |
| Jun 30, 2024 | 1 | $44.0M | $37.2M | 85c | 1 |
| Mar 31, 2024 | 1 | $42.5M | $36.6M | 87c | 3 |
| Dec 31, 2023 | 1 | $51.9M | $46.6M | 91c | 0 |
| Sep 30, 2023 | 1 | $53.9M | $50.5M | 95c | 0 |
| Jun 30, 2023 | 1 | $83.1M | $55.2M | 94c | 0 |
| Mar 31, 2023 | 1 | $83.3M | $56.4M | 96c | 0 |
| Dec 31, 2022 | 1 | $94.2M | $56.8M | 96c | 0 |
What changed
- Maturity approachingDec 27, 2027
- Maturity approachingDec 27, 2027
- non accrual placedJun 30, 2026
- Facility left every BDC scheduleMar 31, 2026
- returned to accrualMar 31, 2026
- Mark recoveredSep 30, 2025
- Facility left every BDC scheduleDec 31, 2024
- Marked down across lendersDec 31, 2024
- non accrual placedDec 31, 2024
- Marked down (one lender)Dec 31, 2024
- Spread changed (observed)Jun 30, 2024
- PIK interest appearsMar 31, 2024
- Spread changed (observed)Mar 31, 2024
- Spread increasedMar 31, 2024
- PIK interest appearsMar 31, 2024
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- FOUNDATION AUTOMOTIVEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 1 BDCderived